NBK Capital Partners closes key real estate fund

DUBAI, 15 days
ago

NBK Capital Partners, an alternative investments firm that leads flexible growth capital investments in mid-sized companies in the Middle East, North Africa (Mena) and Turkey, has announced the successful first closing of a real estate fund with $75 million in fund commitments, raised primarily from prominent regional institutions, pension funds, family offices and HNWIs (high net worth individuals).

"The aim is to build on our successful track record, now totalling 17 profitable exits from 29 investments, the highest number by an alternative investments firm in the region over the past decade," he noted.

“The successful first closing of NBK Capital Partners Real Estate Fund I, along with our established private equity and private credit funds, further cements our position as the leading arranger of growth capital in the region,” he added.

The firm’s real estate platform is led by Mohamed Ali along with a team possessing extensive GCC experience and a track record of delivering robust returns, while Ziad Nasr heads the firm’s business development activities.

NBK Capital Partners said the real estate team has deep expertise, one of the longest track records in the region, having managed over $500 million in investments with no losses. They follow a consistent investment strategy targeting recurring yield from existing assets long-leased to blue-chip corporates.